Anyway if anyone wants a link to the Far's Glencore...

Anyway if anyone wants a link to the Far's Glencore Announcement, here it is:

FAR Limited (ASX: FAR) has signed a binding Memorandum of Understanding (“MoU” with Glencore Energy (UK) Ltd for the full allocation of the Company’s share of crude oil from the Sangomar Field. FAR also provides an update to the development operations prior to settlement of the placement shares scheduled for 23 January 2020.

Marketing of FAR share of oil

The binding MoU between FAR and Glencore, which is subject to the negotiation of final documentation consistent with industry standards, provides FAR with access to the extensive marketing and offtake resources of one of the world’s leading marketers of crude oil.

FAR will benefit from Glencore’s global network and multi-decades expertise in the oil and gas landscape, including access to Glencore’s unprecedented track record in successfully creating markets for new qualities of crudes, thereby maximising the intrinsic value of the Sangomar barrels.

Provided Glencore remains a lender to FAR (as described in the FAR ASX release of 20 January), the offtake is expected to be for a period of 7 years following first oil with a minimum of 20 million barrels (representing FAR’s share of the project) expected to be produced during that time.

Source: FAR LIMITED (ASX:FAR) - Ann: Sangomar Field Development project update, page-1 | HotCopper Forum

Regards

SP